Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Ex gratia received under the BSNL voluntary retirement scheme was treated as exempt retrenchment compensation under section 10(10B), not as a limited claim under section 10(10C), because the issue was already covered by coordinate bench rulings on identical BSNL facts. As no contrary High Court decision was shown and the assessee was on the same footing as earlier cases involving the same employer and similar circumstances, the ITAT followed that view, directed the Assessing Officer to grant the exemption, and allowed both appeals.
Ex gratia received under the BSNL voluntary retirement scheme was treated as exempt retrenchment compensation under section 10(10B), not as a limited claim under section 10(10C), because the issue was already covered by coordinate bench rulings on identical BSNL facts. As no contrary High Court decision was shown and the assessee was on the same footing as earlier cases involving the same employer and similar circumstances, the ITAT followed that view, directed the Assessing Officer to grant the exemption, and allowed both appeals.
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